Denmark hosts most "Orphaned Funds" in the Nordics
Nearly 25 percent of all European funds are prone to deliver poor investor outcomes due to their quantitative characteristics, according to Morningstar. There are 182 in the Nordics of which most are domiciled in Denmark.
There are far too many funds in the European fund compared to the pool of invested assets. As a result, many funds are too small to be cost-effective. Languishing with few assets, disregarded and saddled with high fees, these funds deliver poor investor outcomes.
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